← Browse all charts Is the 10Y-3M curve inverted, normalizing, or re-steepening?
10Y Minus 3M Treasury Yield Spread
A policy-sensitive curve spread that compares the 10-year Treasury yield with the 3-month bill yield, making inversion and re-steepening easy to track.
The deep history is for NASDUCK paid members.
This free chart covers the last five years. Everything older, plus the CSV and JSON downloads, comes with a paid NASDUCK subscription.
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The latest series values and a keyboard-readable date table are below the chart. CSV and JSON downloads are for NASDUCK paid members.
Dates & readable data
Selected historical events
Curated anchors for market context, rather than a complete news feed. Toggle markers above to place them on the chart.
How To Read It
- Negative readings mean the 3-month yield is above the 10-year yield and this section of the curve is inverted.
- A move back toward zero or above it is re-steepening, but the full curve board shows whether short yields fell, long yields rose, or both.
- The direction and speed of the move matter more than treating any single threshold as a timing signal.
Next step Charts show what moved. NASDUCK asks why.
Rates, the dollar, oil and gold all end up in the Nasdaq-100 eventually. NASDUCK follows that trail once a week and keeps score on its own calls.